Strong show as the EMPS segment turns around

Company
13 Aug 2024
5 Min read 
  • Voltas' 1QFY25 performance exceeded estimates with higher revenue growth.
  •  The UCP segment's overall volume grew by 67% YoY in 1Q.
  •  The EMPS segment reported a profit, following losses in the last six quarters.
  •  EPS estimates raised by 19%/4% for FY25/FY26 due to strong revenue growth.
  •  The BUY rating on the stock is reiterated with a revised TP of INR1,800.
  •  Financials show a strong performance with improved EBITDA and revenue growth.
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